Well, supposedly nickel silver has less oxidation, or that the "oxidation is conductive", which of course is only of interest to track power people.
Soldering is slightly more difficult than brass, but only slightly.
Better life? It seems that NS will wear more slowly, but I have never seen a real test, and there are all different grades of brass, LGB, USAT, Aristo are all slightly different in composition.
For me it would be down to appearance, I would say NS is closest to approximating steel, although the deep brown of oxidized LGB rail is sort of close to rusted iron. Brass rail always looked toylike to me compared to the prototype.
Greg